Tami Rosen Sells 7,659 Shares of Pagaya Technologies Ltd. (NASDAQ:PGY) Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Tami Rosen sold 7,659 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $12.00, for a total transaction of $91,908.00. Following the completion of the sale, the insider now directly owns 65,857 shares of the company’s stock, valued at approximately $790,284. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Tami Rosen also recently made the following trade(s):

• On Thursday, October 31st, Tami Rosen sold 17,570 shares of Pagaya Technologies stock. The shares were sold at an average price of $12.06, for a total transaction of $211,894.20.

Pagaya Technologies Price Performance

NASDAQ:PGY traded up $0.71 during midday trading on Thursday, hitting $13.01. The company’s stock had a trading volume of 1,379,971 shares, compared to its average volume of 1,259,604. Pagaya Technologies Ltd. has a fifty-two week low of $8.56 and a fifty-two week high of $20.50. The firm’s 50 day moving average is $11.75 and its 200-day moving average is $12.21. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.50 and a quick ratio of 1.50.

Pagaya Technologies (NASDAQ:PGY) last issued its quarterly earnings data on Friday, August 9th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.11). The firm had revenue of $250.34 million for the quarter, compared to analyst estimates of $239.16 million. Pagaya Technologies had a negative return on equity of 3.10% and a negative net margin of 14.58%. On average, equities analysts anticipate that Pagaya Technologies Ltd. will post -0.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pagaya Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Hood River Capital Management LLC purchased a new position in Pagaya Technologies in the 1st quarter valued at $9,265,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Pagaya Technologies by 14.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 675,064 shares of the company’s stock worth $6,818,000 after acquiring an additional 83,913 shares during the period. Yarra Square Partners LP raised its holdings in shares of Pagaya Technologies by 29.9% during the 2nd quarter. Yarra Square Partners LP now owns 619,345 shares of the company’s stock worth $7,903,000 after acquiring an additional 142,500 shares during the period. ARK Investment Management LLC raised its holdings in shares of Pagaya Technologies by 36.2% during the 2nd quarter. ARK Investment Management LLC now owns 221,810 shares of the company’s stock worth $2,830,000 after acquiring an additional 58,939 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of Pagaya Technologies by 455.9% during the 2nd quarter. Millennium Management LLC now owns 218,549 shares of the company’s stock worth $2,789,000 after acquiring an additional 179,235 shares during the period. Institutional investors and hedge funds own 57.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. B. Riley decreased their price target on shares of Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, September 30th. JMP Securities reissued a “market outperform” rating and set a $25.00 price target on shares of Pagaya Technologies in a research report on Tuesday, September 3rd. Canaccord Genuity Group decreased their price target on shares of Pagaya Technologies from $42.00 to $32.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Benchmark reissued a “buy” rating and set a $21.00 price target on shares of Pagaya Technologies in a research report on Wednesday, October 16th. Finally, Oppenheimer assumed coverage on shares of Pagaya Technologies in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $12.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Pagaya Technologies presently has an average rating of “Moderate Buy” and an average target price of $22.89.

About Pagaya Technologies

Pagaya Technologies Ltd., a product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial institutions and investors in the United States, Israel, the Cayman Islands, and internationally. The company develops and implements proprietary artificial intelligence technology and related software solutions to assist partners to originate loans and other assets.